Maersk Group has announced that Maersk Drilling will be spun off, but the unit was not sold before booking a major impairment. So major, that it dragged the entire group into a deficit in the third quarter.
Due to the classification as a discontinuing activity in the financial report, along with multiple unemployed rigs, the division has taken an impairment of USD 1.75 billion. This helped drag down the bottom line for the whole group into a loss of USD 1.5 billion after tax.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.